Colombia: AB InBev to build new brewery in Colombia

As part of its commitment to Colombia, AB InBev�s local branch Bavaria has announced the construction of a new brewery in the northern region municipality of Palmar de Varela, the global brewer announced on January 6.

�We firmly believe in Colombia and in the great transformations that the private sector can generate for the benefit of the country,� said Bavaria President, Sergio Rinc�n. �With this new plant, Bavaria is investing long-term on a significant expansion of the industry.�

Located one hour from the Atl�ntico capital city of Barranquilla, the new brewery plans to begin its operation in mid-2024 and produce beloved national beer brands including �guila, Poker and Club Colombia.

The investment being made by Bavaria amounts to roughly $413 million. More than 1,500 jobs are expected to be created during the construction phase. Once operational, the brewery is expected to generate 350 direct jobs and 7,000 indirect jobs.

�It fills me with pride to share this good news with the country. We Colombians deserve a future full of hope, celebrations and progress, and this new investment is an important part of our journey to create a future with more cheers,� added Sergio. �It is an example of the spirit of Bavaria, which after more than 130 years, continues to invest in growth and innovation.�

The brewery will be built to high environmental standards to make further progress toward AB InBev�s ambitious 2025 Sustainability Goals. It is expected to begin operations with zero net carbon emissions and advance Bavaria�s commitment to brew 100% of its products using solar energy.

Bavaria was recently recognized by Merco as one Colombia�s top five most reputable companies. Throughout the country, Bavaria has seven breweries, two barley malting houses and a labeling operation. The company employs 4,000 people and generates approximately 80,000 indirect jobs.

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